SBA 504 & SBA 7(a) Commercial Real Estate Loans

SBA programs are available for qualifying properties and borrowers in the United States. For Canadian properties, explore standard commercial loan programs.

Compare SBA-backed financing options for owner-occupied commercial property in the United States—designed for long-term growth, stability, and expansion.

Understanding SBA 504 and SBA 7(a) Loans

The U.S. Small Business Administration (SBA) supports approved lenders by providing a government guarantee, improving access to capital for qualifying small businesses—especially for owner-occupied commercial real estate.

Key Programs:

  • SBA 504: Designed for purchasing, constructing, or improving owner-occupied commercial property and major equipment (within program rules).

  • SBA 7(a): Flexible program supporting real estate financing and, depending on transaction, other eligible business needs.

While the SBA rarely lends directly, it sets program guidelines and provides the guarantee lenders rely on.

SBA Programs Are U.S.-Specific

SBA 504 and SBA 7(a) loans only apply to U.S. properties and qualifying businesses. For Canadian commercial
real estate, consider:

Owner-Occupied Commercial Loans

Financing for businesses buying or refinancing their own property, featuring longer terms, competitive rates, and stable underwriting for established operations.

Investment & Multifamily (5+ Units)

Loans structured for income-producing properties, with underwriting focused on cash flow, DSCR, rent roll quality, operating expenses, and overall market stability.

Bridge Financing
Loans

Short-term financing for fast closings, renovations, occupancy stabilization, or property repositioning before refinancing into permanent commercial loan structures.

Construction & Rehab Loans

Financing for ground-up construction or major renovations with interest-only periods, draw schedules, and milestone-based funding aligned to project timelines.

Note: Availability and underwriting depend on lender-specific guidelines. SBA programs do not cover Canadian transactions.

Which Program Fits Your Goal?

Eligibility and structure depend on lender and SBA guidelines. Here’s a practical comparison:

SBA 504 (Common Real Estate Use Cases):

SBA 7(a) (Common Real Estate Use Cases):

SBA 504 & SBA 7(a) Eligibility Overview

Eligibility for SBA-backed commercial real estate loans depends on both borrower qualifications and property use,
following SBA and lender guidelines.

1.

The business must operate in the United States and meet SBA size standards

2.

The property must be owner-occupied (generally 51% or more business use)

3.

The business should demonstrate stable revenue and repayment ability

4.

Owners typically provide personal guarantees as required.

5.

Acceptable credit history and liquidity for down payment and reserves

6.

Property and project must meet SBA eligibility and use-of-funds requirements

How the SBA Application Process Works

SBA loans follow a structured process designed to evaluate both the business and the property.

Initial Review

Business goals, property details, and borrower profile are reviewed for SBA alignment.

Program Selection

SBA 504 or SBA 7(a) structure is matched based on property use and financing needs.

Documentation Collection

Business financials, tax returns, property information, and SBA forms are gathered.

Lender & SBA Review

The lender underwrites the request and submits the loan for SBA authorization.

Approval & Closing

Final terms are issued, conditions are cleared, and funding is completed at closing.